Genworth Financial Inc (NYSE:GNW)’s share price was up 7% on Friday . The company traded as high as $3.38 and last traded at $3.38. Approximately 3,283,316 shares traded hands during trading, a decline of 38% from the average daily volume of 5,337,204 shares. The stock had previously closed at $3.16.
A number of equities analysts have recently weighed in on GNW shares. BidaskClub cut Genworth Financial from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Wells Fargo & Company restated a “hold” rating on shares of Genworth Financial in a report on Tuesday, August 1st. ValuEngine upgraded Genworth Financial from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Tuesday, September 5th. Finally, Off Wall Street assumed coverage on Genworth Financial in a report on Monday, September 11th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Genworth Financial has a consensus rating of “Hold” and a consensus price target of $3.92.
The company has a market capitalization of $1,687.16, a price-to-earnings ratio of 7.19, a P/E/G ratio of 0.72 and a beta of 2.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bayesian Capital Management LP acquired a new stake in shares of Genworth Financial during the 2nd quarter worth about $126,000. Shelton Capital Management acquired a new stake in shares of Genworth Financial during the 2nd quarter worth about $140,000. LS Investment Advisors LLC raised its position in shares of Genworth Financial by 18.0% during the 2nd quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 5,936 shares in the last quarter. Teacher Retirement System of Texas increased its position in Genworth Financial by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 40,020 shares of the financial services provider’s stock worth $151,000 after buying an additional 418 shares during the period. Finally, Fondren Management LP acquired a new position in Genworth Financial during the second quarter worth approximately $189,000. Institutional investors and hedge funds own 67.89% of the company’s stock.
About Genworth Financial
Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.
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